NOT LISTED FOR SALE

Estimated Value: $535,661 - $712,000

8 Beds
3 Baths
2,745 Sq Ft
$229/Sq Ft Est. Value

Last Sold December 24, 2019

Last sale price $300,000 $109 Per Sq Ft

Est. 109% increase in value since last sale

Current estimated payment $3,967/month

10 Days on Market

About This Home

As of December 2019

SUPREME STUDENT RENTAL INVESTMENT! Looking for the seasoned investor interested in reaping numerous benefits from a property located directly across the street from Clark University's campus. You've heard it before, LOCATION, LOCATION, LOCATION!!! It rings true and is an opportunity for the right investor(s) looking for a corner lot, 3-family student rental with a big front lawn, large off-street parking and 2 car garage. This project features 2 three-bedroom units (that could be converted to 4) and 1 two-bedroom unit. OPEN HOUSE IS TUESDAY 12/3 from 3:30 - 5:30 PM. ONLY CASH OFFERS WILL BE CONSIDERED. ALL OFFERS DUE THURSDAY 12/5 BY 5:00 PM.

Last Agent to Sell the Property

Jason Saphire

Saphire Hospitality, Inc. Listed on: 11/28/2019

Last Buyer's Agent

Jason Saphire

Saphire Hospitality, Inc. Listed on: 11/28/2019

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,117

Year Built

  • Built in 1890

Lot Details

  • 7,405

Parking

  • 2 Car Garage

Outdoor Features

  • Porch

Additional Features

  • Basement

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,117

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Type: Multi-family
  • Year Built Description: Approximate
  • List Price Per Sq Ft: 114.75
  • Comp Based On: Net Sale Price
  • Year Built: 1890
  • Lead Paint: Unknown
  • Levels: 3
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1890

Interior Features

  • Total Flrs: 6
  • No Bedrooms: 8
  • Total Brs: 8
  • Full Bathrooms: 3
  • Total Fbh: 3
  • No Rooms: 15
  • Basement: Y
  • Basement Features: Full
  • Main Lo: AN1894
  • Main So: AN1894
  • Estimated Sq Ft: 2745.00

Exterior Features

  • Construction: Stone/Concrete, Block
  • Roof Material: Asphalt/Fiberglass Shingles
  • Exterior Features: Porch
  • Foundation: Concrete Block

Garage/Parking

  • Parking Spaces: 5
  • Garage Spaces: 2

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water

Condo/Co-op/Association

  • Amenities: Park, Private School, University

Lot Info

  • Assessments: 199600.00
  • Acre: 0.17
  • Lot Size: 7558.00
  • Page: 224
  • Zoning: Rg-5
  • Lot Description: Corner, Paved Drive

Multi Family

  • Total Levels: 3
  • Total Rms: 15
  • No Units: 3
  • Mf Type: 3 Family

Tax Info

  • Taxes: 3774.00
  • Assessor Parcel Number: 1769754

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 28, 2019
Closed on
Dec 19, 2019
Sold by
Equity T Co
Bought by
101 Merrifield St Assoc
Seller's Agent
Jason Saphire
Saphire Hospitality, Inc.
Buyer's Agent
Jason Saphire
Saphire Hospitality, Inc.
List Price
$315,000
Sold Price
$300,000
Premium/Discount to List
-$15,000
-4.76%
Current Estimated Value
$627,415

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$327,415
Avg. Annual Appreciation
13.18%
Original Mortgage
$300,000
Outstanding Balance
$263,351
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$364,064

Purchase Details

Listed on
Nov 28, 2019
Closed on
Nov 14, 2019
Sold by
Pichette Robert R Est and Pichette
Bought by
Equity T Co
Seller's Agent
Jason Saphire
Saphire Hospitality, Inc.
Buyer's Agent
Jason Saphire
Saphire Hospitality, Inc.
List Price
$315,000
Sold Price
$300,000
Premium/Discount to List
-$15,000
-4.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Outstanding Balance
$263,351
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$364,064
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
101 Merrifield St Assoc $300,000 None Available
101 Merrifield St Assoc $300,000 None Available
Equity T Co $252,000 Highland Title
Equity T Co $252,000 Highland Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 101 Merrifield St Assoc $300,000
Closed 101 Merrifield St Assoc $300,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/24/2019 12/24/19 Sold $300,000 -4.8% $109 / Sq Ft
12/08/2019 12/08/19 Pending -- -- --
11/28/2019 11/28/19 For Sale $315,000 +25.0% $115 / Sq Ft
11/21/2019 11/21/19 Sold $252,000 +12.0% $92 / Sq Ft View Prior Sale
09/17/2019 09/17/19 Pending -- -- --
09/15/2019 09/15/19 For Sale $225,000 -- $82 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $8,117 $615,400 $97,700 $517,700
2024 $7,910 $575,300 $97,700 $477,600
2023 $7,328 $511,000 $85,000 $426,000
2022 $6,598 $433,800 $68,000 $365,800
2021 $5,418 $332,800 $54,400 $278,400
2020 $3,621 $213,000 $54,000 $159,000
2019 $3,710 $206,100 $47,100 $159,000
2018 $3,774 $199,600 $47,100 $152,500
2017 $3,596 $187,100 $47,100 $140,000
2016 $3,442 $167,000 $33,400 $133,600
2015 $3,352 $167,000 $33,400 $133,600
2014 $3,263 $167,000 $33,400 $133,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72596598

MLS Property Information Network (MLS PIN)

APN: WORC-000008-000009-000015